January 25, 2013
- in Uncategorized by schooloftrade
Euro Chart PRep
 |
| Euro Anchor Chart Prep |
We have higher-highs
and higher-lows on the euro futures this morning above the PHOD so we assume
the bulls came to play this morning and are in control of this price-action. Above the PHOD we have the wave set-up if
price keeps making new higher-highs and we have the InsideOut Set-up if the
buyers fail and the sellers can bring price back below the 1.3398 PHOD.
and higher-lows on the euro futures this morning above the PHOD so we assume
the bulls came to play this morning and are in control of this price-action. Above the PHOD we have the wave set-up if
price keeps making new higher-highs and we have the InsideOut Set-up if the
buyers fail and the sellers can bring price back below the 1.3398 PHOD.
We can see
the bullish price-channel, and the symmetry resistance overhead. We want to buy-the-lows at support of the price-channel
and then take profit at the symmetry resistance.
the bullish price-channel, and the symmetry resistance overhead. We want to buy-the-lows at support of the price-channel
and then take profit at the symmetry resistance.
Our day
trading plan for the euro futures is to keep buying with pullbacks using the Wave
Set-Up and taking our profit-target at the resistance overhead. If the buyers fail we will look for the short
below the PHOD using the InsideOut Set-up and our profit-target for the short
trades will be the previous week’s open.
trading plan for the euro futures is to keep buying with pullbacks using the Wave
Set-Up and taking our profit-target at the resistance overhead. If the buyers fail we will look for the short
below the PHOD using the InsideOut Set-up and our profit-target for the short
trades will be the previous week’s open.
